Date: 29th May 2019
Time: 09:00 - 10:30
The Orkney Hotel
40 Victoria Street
CPD Hours: 1hourLaw Society of Scotland, Institute of Chartered Accountants Scotland and Co-operative Development Scotland will be hosting a roadshow entitled ‘Selling a business to an Employee Ownership Trust’. Join us at our Orkney event on 29 May.
The Law Society of Scotland, Institute of Chartered Accountants Scotland and Co-operative Development Scotland will be hosting a roadshow across the country in May and June 2019 entitled ‘Selling a business to an Employee Ownership Trust’.
There has never been a better time for companies to move to an employee ownership structure. Since September 2014, shareholders have been able to sell a controlling interest in their company to an Employee Ownership Trust (EOT) for full market value without incurring any capital gains tax liabilities.
The EOT creates an immediate purchaser for a trading company of any size operating in any sector. The EOT will then hold those shares in the company for and behalf of the company’s employees. There are substantial non-tax benefits associated with being owned by an EOT. One of the most important, is the fact that employees have a stake in their company and the greater employee engagement and commitment that results from this. In addition, companies can make tax-free payments to their employees.
All solicitors, trainees and paralegals are welcome to attend. Please book your place through this Eventbrite Link including any dietary or access requirements.